Garmin Reports Fourth Quarter Results with Increased Global Market Share and Significant Inventory Reduction

Return on invested capital (ROIC)

Management defines return on invested capital (ROIC) as net operating profit after taxes divided by operating invested capital. Management believes that ROIC provides greater visibility into how effectively Garmin deploys capital. ROIC is not a measure of financial performance under accounting principles generally accepted in the United States (GAAP), and may not be defined and calculated by other companies in the same manner as Garmin does. ROIC should not be considered in isolation or as an alternative to net income as an indicator of company performance.

The following table contains a GAAP reconciliation of return on invested capital.

Garmin Ltd. And Subsidiaries
Return on Invested Capital (ROIC)
(in thousands)
   
52-Weeks Ended
December 27,

December 29,

2008   2007
Net Operating Profit After Taxes (NOPAT):
Operating Income (EBIT) $ 862,017 $ 907,351
Less: Taxes on Operating Income   ($181,518 )     ($123,262 )
Net Operating Profit after Taxes (NOPAT) $ 680,499     $ 784,089  
 
Invested Capital (IC):
Total Assets $ 2,890,990 $ 3,291,460
Less: Cash & Marketable Securities ($971,230 ) ($1,132,194 )
Less: Deferred Income Taxes ($49,825 ) ($107,376 )
Less: Non-Interest Bearing Current Liabilities   ($445,585 )     ($801,883 )
Operating Invested Capital (IC) $ 1,424,350     $ 1,250,007  
     
Return on Invested Capital   48 %     63 %
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
HP

Harris

Featured Video
Jobs
Database Specialist for MDA Information Systems LLC at Gaithersburg, MD
Imagery Analyst for ARA at Albuquerque, NM -1229, NM
Data Scientist for University of Utah at Salt Lake City, UT
Inside Sales for SolidCAM at Newtown, PA
Project Architect for LAMBERT Architecture and Interiors at Winston-Salem, NC
Architetural Project Manager for DRA Architects at Irvine, CA
Upcoming Events
10th Coastal Altimetry Workshop at Florence Italy - Feb 21 - 24, 2017
2017 GIS/CAMA Technologies Conference at Chattanooga Convention Center Chattanooga Tennessee - Mar 6 - 9, 2017
IGTF 2017 ASPRS Annual Meeting 2017 at Marriot Waterfront Baltimore Baltimore MD - Mar 11 - 17, 2017
MAPPS Federal Programs Conference at Sheraton Hall Silver Spring Maryland - Mar 13 - 15, 2017
Teledyne:
xponential2017
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy